Gas fuels proppant prospects
Published: Monday, 26 October 2009
After a year of depressed oil and gas prices, North American gas exploration is tentatively fuelling a pick up in proppant demand. But how will US producers react to proposed legislation that seeks to further regulate drilling?
by Jessica Roberts, Assistant Editor
The world average crude oil spot price peaked at $137/bbl in
July 2008. Just a year earlier, the same spot price had hovered
at around $70/bbl - almost 50% lower (Figure 1). This
massive peak in prices sparked a flurry of oil exploration and
drilling activity, the impact of which reverberated...